Top Ten Reasons Why Small Businesses Fail
This program is for the small contractor (100 employees or less). In this session, the Top 10 reasons why small businesses fail and what can be done to avoid those failures are addressed. According to the U.S. Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years. According to Forbes, less than one-third of family businesses survive the transition from first- to second-generation ownership. Another 50% don't survive the transition from second- to third-generation. Come learn what causes small businesses to fail and evaluate your company against these issues.
• What are the key elements of a successful small business?
• How do you maintain focus on the ""right stuff"" within the company?
• How do you evaluate your company to ensure success?